Today's picks: 7 September 2017

Nifty, Bank Nifty, Tata Motors, Bharti Airtel and Hindalco

Nifty

Current: 9,916 (fut: 9,943) Target: NA

Stop-long positions at 9,850.

Stop-short positions at 9,975. 

Big moves could go till 10,025, 9,800. 

A long 9,900p (97), short 9,800p (67) could gain 15-20 if the index tests 9,850.

Bank Nifty

Current: 24,279 (fut: 24,316)

Target: NA

Stop-long positions at 24,200.

Stop-short positions at 24,450.

Big moves could go till 24,600, 24,000.

Probability that 24,200 support will be tested again.

Tata Motors

Current price: Rs 383 

Target price: Rs 377

Keep a stop at Rs 387 and go short.

Add to the position between Rs 378 and Rs 379.

Book profits at Rs 377.  

Bharti Airtel

Current price: Rs 402

Target price: Rs 395

Keep a stop at Rs 406 and go short. 

Add to the position between Rs 396 and Rs 397.

Book profits at Rs 395.

Hindalco

Current price: Rs 246

Target price: Rs 250

Keep a stop at Rs 244 and go long.

Add to the position between Rs 248 and Rs 249.

Book profits at Rs 250.  

Target prices, projected movements in terms of next session, unless otherwise stated